When Many Depositors Go to a Bank at the Same

question 41

Multiple Choice

When many depositors go to a bank at the same time to withdraw their money, there is said to be

• A)contagion.
• B)a loss of depositor's credibility.
• C)a loss of reserves.
• D)a bank run.

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Definitions:

Lobbying

The act of attempting to influence decisions made by officials in the government, often by groups or individuals who represent specific industries or interests.

Government Officials

Individuals who hold positions of authority in governmental organizations, responsible for creating, implementing, and enforcing laws and policies.

Social Responsibility

The obligation of individuals and organizations to act in ways that benefit society at large, including environmental stewardship and ethical practices.

Socially Responsible

The obligation of an individual or organization to act for the benefit of society at large, often by taking into account the impact of their actions on the environment, consumers, employees, communities, and other stakeholders.